Kicking the can down the road: An Agreement Is Struck, but the Deficit Isn't Solved

From The Wall Street Journal:

The debt ceiling will be raised, and the U.S. government will not default on its obligations. But the deficit hasn't yet been conquered.

[T]he deal allows Republicans to continue to say that the deficit can be licked without raising revenue and allows Democrats to say the deficit can be licked without touching Medicare, Medicaid and Social Security beneficiaries—even though the arithmetic of deficits makes those promises impossible to keep.